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The hon. Gentleman may or may not be correct in his analysis, but the reason why we had a Conservative Government in 1979 was due to the collapse of the economy during the late 1970s. There had to be a big shakeout and an acknowledgement of the failed policies of the ’60s and ’70s, so he should reflect on the fact that this industrial strategy is about the future and how we can become a global trading nation in the post-Brexit economy.
In conclusion, I hope the Minister will acknowledge my point about the town deal, which is the main point of my contribution.